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SBI Life Insurance Company Ltd Q3FY24; 6% rise in Profits

SBI Life Insurance Company Ltd is engaged in the business of life insurance and annuity. It was started as a Joint-venture between State Bank of India and BNP Paribas Cardif S.A.

Financial Results:

SBI Life Insurance Company Ltd reported Revenues for Q3FY24 of ₹39,033.00 Crores up from ₹26,817.00 Crore year on year, a rise of 45.55%.

Total Expenses for Q3FY24 of ₹38,681.00 Crores up from ₹26,483.00 Crores year on year, a rise of 46.06%.

Consolidated Net Profit of ₹322.00 Crores up 5.92% from ₹304.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹3.21, up 5.59% from ₹3.04 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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